Emergence of environmentally friendly foam technology

United States, Rockville MD, July 25, 2022 (GLOBE NEWSWIRE) — According to a recently released report on global bodyboards market by Fact.MR, is projected to be valued at USD 255 million in 2022 and to expand at a CAGR of 6.8% during the forecast period 2022-2032.

The high market growth is attributed to factors such as reputed organizations such as the International Surfing Association (ISA) promoting water sports globally, increasing number of adaptive surfing events and tournaments, and promotion of different types of bodyboarding through prominent sports magazines.

The growing tourism industry worldwide is expected to drive interest in water sports in regions such as Europe and North America. The increase in mechanical performances, such as the improvement of the product in terms of material, makes the boards lighter and improves the overall aerodynamics of the product.

For critical insights On Bodyboarding Market, Request a Sample report
https://www.factmr.com/connectus/sample?flag=S&rep_id=778

Market players are concentrating more on product design and material, allowing surfers to enjoy better grip on these boards. Companies invest in research and development to improve the aerodynamics of boards and this can only be achieved through advanced manufacturing techniques (CAD/CAM). Rental services also play a vital role in expanding the market position in this dynamic space of the water sports industry.

Why are bodyboard sales high in the US?

International travel plays a vital role in the United States economy. In 2019, international tourists spent an estimated US$233.5 billion and contributed approximately US$640 million per day to the United States economy.

People usually visit coastal areas to explore recreational activities and bodyboarding is one of them. Bodyboards are generally preferred due to their compactness and portability, which take up less space compared to surfboards.

US brands should invest or explore not only selling non-core assets, but also investing in higher return and value-added opportunities. Technological advancements and consumer preferences may determine how the bodyboard market grows over the forecast period. However, manufacturers are choosing a new business model to diversify their product portfolios and maintain a competitive edge.

The bodyboard market in the United States is expected to expand rapidly at a CAGR of 7.7% to reach USD 177.4 million by 2032.

To learn more about Bodyboarding Market, you can contact our analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=778

Key segments covered in Bodyboarding Industry research

  • Bodyboard Market by Type:
    • Conventional bodyboards
      • 30.1″ to 35″
      • 35.1″ to 40″
      • 40.1″ to 45″
      • More than 45″
    • Tandem bodyboards
  • Car body market by buyer:
    • Recreational/Amateur
    • Professionals
  • Bodyboard Market by Sales Channel:
    • Offline sales channels
      • Modern trade
      • Sports equipment stores
      • Surf Equipment Shops
      • Water sports shops
      • Branded stores
    • Online sales channels
      • Business websites
      • E-commerce platforms

A winning strategy

The main manufacturers are concentrating on the sustainable foam technology which increases the density and stiffness of the body boards as well as making them more efficient in terms of performance.

Size and material are other important elements that manufacturers need to look out for; PE (Polyethylene) is the most common core used widely in the production of boards, especially in the cooler waters of Europe and North America. Although polyethylene is heavier than polypropylene, it has additional flexibility that offers additional control.

Turn on personalization Bodyboarding market Report on specific research solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=778

Key players in Bodyboarding market

  • Agit Global
  • ALDER SPORTSWEAR LTD
  • AZTRON
  • Bodyboarding HQ
  • BZ Pro Board
  • Catch Surf USA
  • CORE Bodyboards
  • ES Water sports
  • Hardy forms
  • Hubboards

Key takeaways from Bodyboarding Market research

  • By type, conventional bodyboards are projected to provide an absolute opportunity of $133.4 million during the forecast period (2022-2032).
  • Tandem boards are expected to account for 44.7% market share by 2032, with demand growing at a CAGR of 7.4% during the forecast period.
  • According to the buyer, entertainment use across geographies is expected to grow to US$ 331.0 million market value by 2032.
  • North America is projected to account for around 40.9% of the global bodyboard market share by 2032.
  • Europe is expected to provide an absolute dollar opportunity of USD 74.7 million by the end of 2032 and to advance at a high CAGR of 7.1% during 2022-2032.

For the sports department of Fact.MR

Expert analysis, actionable insights and strategic recommendations from Fact.MR’s experienced sports team help clients around the world with their unique business intelligence needs. With a repertoire of over thousands of reports and more than 1 million data points, the team has been analyzing the sports industry in over 50 countries for over a decade. The team provides unparalleled comprehensive research and consulting services.

Check out Fact.MR’s coverage of Sports domain-

Stand Up Paddle Board MarketThe global stand-up paddleboard market is valued at USD 1.5 billion in 2022 and is projected to surpass USD 3.8 billion by 2032, growing at a CAGR of 9.7% during 2022-2032 Mr.

Market for fishing luresThe global fishing lures market will expand 1.6 times in terms of value and is expected to witness a steady growth rate of nearly 5% during the forecast period 2020-2030. However, the spread of COVID-19 is causing significant problems in the movement of fishing lures due to government-imposed restrictions on imports and exports.

Market for fishing reelsGrowing demand from fishing enthusiasts and growing popularity of sport fishing will expand the size of the global fishing reel market in the coming years. The growing popularity of sport fishing will drive the demand for fishing accessories during the forecast period of 2020 to 2030.

Fishing rods marketThe fishing rod market size is poised to expand at a CAGR of 4.5% and is expected to create an absolute dollar opportunity of US$ 1.5 billion during the forecast period of 2020-2030. By rod type, predicts spinning rods to grow 1.7 times compared to fly rods in 2020. On the other hand, coated rods will account for 18% of the total market share in 2020.

Bike marketGlobal bicycle sales gathered a market value of US$ 60 billion in 2021 and is expected to register a positive CAGR of 8% by accumulating a market value of US$ 138 billion during the assessment period 2022-2032.

Women’s swimwear marketWith the increase in swimming activities around the world, the demand for women’s swimwear has seen a steady growth over the past decade. High demand for polyester and nylon swimwear, especially tank tops, is supporting the growth of the market. According to Fact.MR analysis, the global women’s swimwear market is projected to expand at a CAGR of over 3% by 2031.

Sports fishing equipment marketThe global sport fishing equipment market crossed a valuation of USD 2.5 billion in 2020 and is poised to reflect a moderate growth rate during the forecast period (2021 and 2031). Sales of sport fishing equipment are increasingly driven by the growing public interest in water sports and recreational fishing.

Bowling Equipment MarketThe bowling equipment market accounted for a total revenue of US$ 943.4 million in 2022 and is expected to reach an estimated valuation of US$ 1.46 billion by the end of the forecast period. The bowling equipment market is projected to expand at a CAGR of 4.5% from 2022 to 2032.

Market for cross-country skiing equipmentThe global cross-country skiing equipment market is projected to be valued at over USD 1 billion in 2021, expanding at a CAGR of nearly 6% over the next ten years. Sales of cross-country skiing equipment through specialized stores will be maximum compared to other sales channels.

Line marking robot marketNewly released analysis of the line marking robot market by Fact.MR, a market research and competitive intelligence provider, shows that global demand has enjoyed annual growth (year-on-year) of 25% by volume in 2021 to total about 390 units.

About us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1000 companies trust us with their most critical decisions. While our experienced consultants use the latest technology to extract hard-to-find insights, we believe our USP is the trust clients place in our expertise. Covering a wide range – from automotive and industry 4.0 to healthcare and retail, our coverage is extensive, but we ensure that even the most niche categories are analyzed. Our sales offices in the US and Dublin, Ireland. Headquartered in Dubai, UAE. Contact us with your goals and we will be a capable research partner.

Contact:
Mahendra Singh
US Trade Office:
11140 Rockville Pike
Apartment 400
Rockville, Maryland 20852
Email: [email protected]
Phone: +1 (628) 251-1583
Follow us: LinkedIn | Twitter

Leave a Comment